- A sense of caution seeped in at the beginning of a week highlighted by interest-rate decisions and high-profile company earnings on both sides of the Atlantic and US equities futures dipped on Monday along with stocks in Europe.
- After Wall Street extended January's remarkable surge on Friday, contracts for the S&P 500 fell around 1% as traders ignored negative outlooks from some of the biggest technology companies in the world. Although the Nasdaq 100 futures were down approximately 1.3%, the year is still off to the best start since 1999. Bond yields increased.
- Following recent statistics that suggested the central bank's strong campaign to limit inflation is having an impact, Federal reserve officials are anticipated to hike rates by a quarter percentage point on Wednesday, reducing the magnitude of the increase for a second straight meeting. However, indications of earnings pressure are causing worry about the state of the economy and the future of stocks.
